October 31st, 2007

US Fed cuts interest rates

THE US Federal Reserve announced today it had cut its base federal funds interest rate by a quarter of a percentage point to 4.50 per cent to shore up a distressed housing sector and ailing credit markets.

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posted by Administrator in Bad Credit 

This entry was posted on Wednesday, October 31st, 2007 at 8:24 am and is filed under Bad Credit. You can follow any responses to this entry through the comments RSS 2.0 feed. You can leave a response, or trackback from your own site.

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